You seriously think these 400+ farmers that attended this meeting got into trouble because they bought “new toys“?

There’s a monopoly in farming like there’s a monopoly in tech. And you think you can go into tech with some niche business and somehow become Google before Google buys you up? Well, that’s the goal, to just have a company to have a bigger person buy you up and then you go away with the money and everyone else suffers.

There’s an insane separation of wealth and you don’t see that as a/the problem? I’m serious with these questions.

> You seriously think these 400+ farmers that attended this meeting got into trouble because they bought “new toys“?

I'm just not sure how else you go from some of the most profitable years in agriculture history to bankruptcy in the span of a year or two. Vendor prices have not yet come back down in line with reality, nobody is going to question that, but, as they say, the cure for high prices is high prices. These temporary aberrations are par for the course. For what reason is there to believe that this time is different?

> There’s a monopoly in farming like there’s a monopoly in tech.

Yes, Nvidia looks quite similar in a lot of ways. But the pick and shovel makers have always been best positioned to take advantage of gold rushes. That isn't unusual.

> And you think you can go into tech with some niche business and somehow become Google before Google buys you up?

I'm not really sure how this applies in any way, but especially because you don't really have to compete for customers in commodities. A commodity implies that you have automatic customers. It is not like you have to try and convince users to use your product over Google's.

> There’s an insane separation of wealth and you don’t see that as a/the problem? I’m serious with these questions.

I don't doubt it, but the main person quoted in the article is sitting on like $20 million to $30 million of cultivated land and $??? of additional land (Could be hundreds of thousands, could be another 8 figures).

To the extent there is a separation of wealth problem, it's not at all clear where that person is in the separation. Maybe they debt financed the whole thing plus equipment under ZIRP with a non-fixed interest loan, and are now staring down the barrel of $1M-$2M annual interest payments, with very little capital of their own. Maybe they have a total net worth of $10M+ even if they had to sell, and are actually fine if they just quit the game right now. I dunno.